(FTLS) Long/Short Equity - NYSE
ETF Category: Long-Short Equity | Exchange: NYSE (USA) | Market Cap: 2.346m USD | Total Return: 11.3% in 12m
Avg Turnover: 8.01M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality
The First Trust Long/Short Equity ETF (FTLS) utilizes a long-short strategy by maintaining at least 80% exposure to U.S. exchange-listed equities and ETFs. The fund seeks to manage volatility and capture alpha by holding long positions in undervalued securities while shorting those expected to underperform. To enhance capital efficiency or hedge market risk, the fund may allocate up to 20% of its assets to U.S. equity index futures.
The long-short model is a staple of the alternative investment sector, designed to provide market exposure with lower correlation to traditional long-only benchmarks. By utilizing investment borrowings, the fund can increase its gross exposure beyond its net asset value, a common practice in leveraged ETF structures. Analyzing how these positions align with current market trends on ValueRay can provide further clarity on the funds risk profile.
- Relative performance of long versus short equity selections
- Market volatility impacts short position hedging effectiveness
- Federal Reserve policy shifts influence equity risk premia
- Management fee structure relative to active long-short peers
As of June 29, 2026, the stock is trading at USD 73.07 with a total of 147,905 shares traded. Over the past week, the price has changed by -1.64%, over one month by -1.58%, over three months by +5.52% and over the past year by +11.26%.
Current recommended Stop Loss: 72.20 (which is 1.2% or 1.4 ATR below the current price).
Long/Short Equity has no consensus analysts rating.